Railways To Go Ahead With Global Tender

Railways To Go Ahead With Global Tender
The Indian Railways has decided to go ahead with its global tender for rails despite stiff opposition from the steel ministry, which had flagged the government’s policy of giving preference to domestic manufactured iron and steel for government procurement.

“We are going ahead with the ongoing tender according to the plan,” said a senior Railways official, who added that there were no plans to tweak the terms of the existing tender either.

The Indian Railways has set a target of 3,500 kilometres (kms) for track renewal at a cost of Rs 10,153 crore for 2017-18, which has now been increased to 4,000 kms with Piyush Goyal taking charge as the Union minister. Railways has a memorandum of understanding with the Steel Authority of India Ltd (SAIL) for supply of rails but it turned out that there would be a shortfall in supply of 717,000 tonnes for 2017-18 and 2018-19 and Railways was looking to bridge the deficit with imported rails. The value of the tender was estimated to be to the tune of Rs 3,500 crore. Read More…

 

Leave a Reply

Your email address will not be published.